Q1

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950 Selected data for the company's operations last year follow. The absorption costing income statement prepared by the company's accountant for last year appears below: Required: 1. Under absorption costing. how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for last year using variable costing. Required: 1. Under absorption costing. how much foced manufacturing overhead cost is yeat? 2. Prepare an income statement for last year using variable costing x Answer is not complete. Complete this question by entering your answers in the tabs below. Under absorption costing, how much fixed manufacturing overhead cost is inclt tast year? X) Answer is not complate. Complete this questiot by entering yeur answers in the tabs below. Prepare an incoine statement for last year using variable costing